Has anyone heard of receiving division orders from one company (Geosource) and later supposed to get division orders from a second company (BHP/petrohawk)? i visited the wells about 2 or 3 weeks ago and no production had started but already have the division orders from Geosource. My understanding was that we would get division orders after approximately 3 months and get a check about a week later. I have no clue what’s going on. Any help would be appreciated. Thanks
I have seen 2 current division orders on two wells a few times. It has always been where one paid the oil and the other paid the gas.
It is most common in the situation Rick mentions or when the well sells.
If you are referring to wells in DeWitt County, TX then yes, you will receive division order from GeoSouthern and BHP, this is because we both sell our own products.